{"id":10460,"date":"2021-02-08T12:20:35","date_gmt":"2021-02-08T17:20:35","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=10460"},"modified":"2021-02-08T12:20:35","modified_gmt":"2021-02-08T17:20:35","slug":"sold-a-xpev-put-bought-shw-leaps","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=10460","title":{"rendered":"Sold a XPEV Put\/Bought SHW LEAPS"},"content":{"rendered":"<p>I like Xpeng (XPEV) stock at this price, but instead of buying the shares at $46.50 I decided to sell a Put with the Strike Price of $45.50. If the stock gets put to me at $45.50 I&#8217;ll sell Calls against the shares.<\/p>\n<p>I bought 10 XPEV 2\/12\/21 $45.50 Puts with the strike Price at $1.00 for $1000.<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 10 XPEV 2\/12\/21 $45.50 P @ $1.00 (+$1000)<\/strong><\/p>\n<p>This trade gets a <strong>Risk Factor 2<\/strong>.<\/p>\n<hr \/>\n<p>Sherwin Williams (SHW) is a great company. The stock is selling at $725. On 2\/3\/21 they announced a 3:1 stock split. I&#8217;m a little late getting in because the last few weeks I was fully invested. Since the split announcement the stock is up about $25. This stock does not have the \u00a0volatility, nor the volume that Apple or Tesla does, so, in no way do I think this split will react the same as the Apple and Tesla splits. SHW will split on 4\/1\/21. \u00a0I&#8217;m going to get in with 1 LEAPS option. I bought 1 SHW 1\/21\/22 $740 Call for a premium of $71 for $7100.<\/p>\n<p style=\"text-align: center;\"><strong>Buy to Open 1 SHW 1\/21\/22 $740.00 C @ $71.00\u00a0<\/strong><\/p>\n<p>I plan on holding this position until the 1st week in April. On April 1st I&#8217;ll have 3 contracts as a result of the 3:1 split.<\/p>\n<p>I think this is a safe trade on a great stock so it gets a <strong>Risk Factor 1<\/strong>.<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I like Xpeng (XPEV) stock at this price, but instead of buying the shares at $46.50 I decided to sell a Put with the Strike Price of $45.50. If the stock gets put to me at $45.50 I&#8217;ll sell Calls against the shares. I bought 10 XPEV 2\/12\/21 $45.50 Puts with the strike Price at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10460","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2II","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10460"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10460\/revisions"}],"predecessor-version":[{"id":10461,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10460\/revisions\/10461"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}